Directorate Change

RNS Number : 3702B

Brainspark PLC

16 April 2012

 



16 April 2012

Brainspark plc

                                                          ("Brainspark" or "the Company")

Resignation of Directors

Brainspark, an AIM listed fast growing international investment company announces that Executive Chairman, Justin Drummond and Non-Executive Directors, Haresh Kanabar and Alessandro Malacart have resigned with immediate effect to pursue other projects. Both Mr Drummond and Mr Kanabar will remain as part-time consultants to the Company.

The Board is currently interviewing suitable replacements and an announcement will be made in due course.

Alfredo Villa, CEO of Brainspark, commented, "I would like to thank Haresh and Alessandro for their tireless work over the past three years. Both have been instrumental in shaping the course of Brainspark's portfolio and we wish them the best for the future.

"Justin joined the board in February of this year at a very difficult time for the Company, but his contribution during his short tenure, particularly his ability to quickly raise money for us, has left Brainspark in a much stronger position."

-ends-

For further information please contact:

Brainspark plc                                                                                                       [phone]

Alfredo Villa, CEO

Westhouse Securities                                                                                 [phone]

Antonio Bossi

Jonathan Haines

Leander PR                                                                                                 [phone]

Christian Taylor-Wilkinson

About Brainspark Plc

Brainspark plc (AIM: BSP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the interactive media, leisure, entertainment and financial services sectors mainly in Italy but also other European countries. The company may be either a passive or active investor and Brainspark's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions.

 

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